Banks rule the trading roost - Investments - News - Moneyfacts

News

Banks rule the trading roost

Banks rule the trading roost

Category: Investments

Updated: 09/09/2011
First Published: 09/09/2011

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
Despite the continuing unpredictability in the stock markets, banks continued to dominate the trading agenda.

Unpredictability in the markets continued as the FTSE ended the week period to Tuesday 6 September at 5,156.84

But traders continued to look to add to their portfolios as the number of buys outnumbered sells by 1.7:1, figures from TD Waterhouse show.

Barclays was the most purchased stock during the week, accounting for around one in five buys, leapfrogging Lloyds Banking Group to the number one spot in the process.

Lloyds ended the week as the second most bought stock, while the Royal Bank of Scotland ensured that the UK 's banking giants enjoyed a 1-2-3 finish once again.

The banks also featured prominently in the top ten sells over the week.

In a reverse of the top ten buys, Lloyds was the most sold-off stock in the week, while Barclays placed in second.

The Royal Bank of Scotland was the third most sold share, as was the case in the previous seven days.

"Further down the table, Aviva was the fourth most popular buy this week as rumours circulated about a potential takeover bid for the company, with Switzerland's Zurich Financial the latest to be linked with an offer for the British insurer," said Darren Hepworth of TD Waterhouse.

The takeover talks failed to have a positive effect on the insurance giant's share price, however, as it peaked at 343p on Thursday (1 September) before falling steadily to a low of 298p by Tuesday (6 September).

Find the best financial information for you -Compare Financial Solutions

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Could it be time to move away from cash?

The state of the savings market is understandably leaving many savers frustrated, particularly older savers who rely on a healthy return to boost their income. That’s why many are looking away from cash and considering the stock market instead.

£54m in Premium Bonds unclaimed on anniversary

Today sees the 60th anniversary of when Premium Bonds first started being sold. A lot has changed since then, with the top prize now standing at £1 million, compared with the £1,000 reward of 60 years ago.

£54m in Premium Bonds unclaimed on anniversary

Today sees the 60th anniversary of when Premium Bonds first started being sold. A lot has changed since then, with the top prize now standing at £1 million, compared with the £1,000 reward of 60 years ago.
 
Close